Task 2: Will you keep your cryptoassets in a wallet or on an exchange? Cryptoprofessor's @gbenga, by @meivys

When we enter the world of cryptocurrencies, one of the first things we hear is wallet or exchange, many times we tend to confuse the terms and think that they are the same, but in reality there are differences between them.

A Wallet is a place where cryptocurrencies are stored, it is digital money managed directly by its owner, without intermediaries in a decentralized way.

Source

The wallets or cryptocurrency wallets are the bridge that allow us to manage our cryptocurrencies. A piece of software or hardware with which to perform receiving and sending operations through the blockchain network of each cryptocurrency.
bit2meAcademy..

On the other hand an Exchange, is to make financial operations with them, to exchange them either for fiat money or for other cryptocurrencies, e to trade.

Source

An exchange is a platform for virtual negotiations with cryptocurrencies, which allows customers (traders) to carry out operations of buying/selling cryptocurrencies and/or exchanges of one type of cryptocurrency for another or for fiat money, and even for merchandise in some exchanges.
Cointelegraph

Will you keep your cryptoassets in a wallet or on an exchange?

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Image edited by me @meivys, sourse

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I think I would make a balance as it depends on what is needed at the time, while I prefer a Wallet as it allows me to be able to manage my assets, without depending on third parties I cannot leave aside the Exchange, as this allows me to invest and trade, this allows you to participate in a market in which you can make a profit thanks to price variations.

The funds that are managed from a centralized Exchange, are subject to certain policies, with exchange fees, under the custody of a third party, where you also run the risk of losing funds in case of hacking, if you manage a decentralized Wallet , the fees are lower when trading, besides that you are responsible for your funds and your own security.

In conclusion, it is preferable to have the cryptocurrencies secured in a wallet under your own control without intermediaries, but if you need to trade cryptocurrencies, we can make use of the Exchange, this depends on what you need at the time, but it is always good to have the assets safeguarded in a wallet.

Cryptoprofessor's homework: @gbenga

Joining the initiative of @steemitblog, @steemcurator01, @steemcurator02, a great opportunity to acquire more knowledge of the world of crypto assets, thank you very much for this new initiative. Link to original post task 2